UPM Biofuels chosen as a finalist in the Platts Global Energy Awards 2017

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(UPM, Helsinki, 27 September 2017 at 10:00 EET) - UPM Biofuels is one of six finalists for the Industry Leadership category in Bioenergy at the 2017 Platts Global Energy Awards - often described as the Oscars of the energy industry. UPM Biofuels is nominated for its wood-based low emission advanced UPM BioVerno biofuels, and its one-of-a-kind commercial scale biorefinery in Lappeenranta, Finland.

The Platts Global Energy Awards honour organisations and individuals who are dedicated to achieving excellence in the energy industry, recognising top performers - industry leaders and innovators in the energy industry.

The Bioenergy Industry Leader Award recognises a recent innovation in bioenergy that is market competitive, ecologically sound and minimises undesirable environmental impacts. The nominees must be producing or enhancing the application of bioenergy solutions. The judging criteria include challenges, financial results, innovation, leadership and operational excellence.

"Being nominated for this prestigious award recognises that our team at UPM Biofuels has managed to make significant progress in sustainable advanced biofuels. Using wood-based residues for raw material to produce sustainable drop-in biofuels is a fast track for reducing greenhouse gas and tailpipe emissions from transportation," says Sari Mannonen, Vice President, UPM Biofuels.

Platts received more than 200 nominations from more than 25 countries including Brazil, India, Saudi Arabia, South Africa, Europe, Russia, Argentina, China, Pakistan, Bangladesh, Thailand, and the United States. Finalists were chosen by an independent panel of judges including former regulators, past heads of major energy companies, leading academics and international energy experts. The winners will be announced at this year's award ceremony in New York on December 7.

UPM BiofuelsUPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas and tailpipe emissions compared to fossil fuels. www.upmbiofuels.com

UPMThrough the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve customers worldwide. The group employs around 19,300 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com